Y Combinator Startups in India 2025

We deliver groceries in 10 minutes through a network of optimized micro-warehouses or 'dark stores' that we build across cities in India. We're currently doing hundreds of millions of dollars in annual sales with best-in-class unit economics - come join us!

Groww aims to empower people in India by making financial services simple, transparent and delightful. By leveraging technology, we build reliable and accessible financial services. Groww is India's largest stock broker (in terms of active NSE clients) and the largest distributor of mutual fund SIPs.

Meesho is India’s only true online marketplace, altering the status quo to make e-commerce inclusive and accessible for the next billion users. With a vision to enable 100 million small businesses, including individual entrepreneurs, to succeed online, Meesho is democratising internet commerce and bringing a range of products and new customers online. The Meesho marketplace provides sellers access to millions of customers, selections from over 30 categories, pan-India logistics, payment services and customer support capabilities to efficiently run their businesses.

The journey of building Razorpay started in 2014, when Harshil Mathur (CEO & Co-Founder) and Shashank Kumar (MD & Co-Founder) witnessed the dismal state of the online payments industry in India then and understood that they have a larger and more important issue to solve. And That was democratizing online payments for Indian businesses, particularly the underserved market, Startups and SMEs. Over the last 9 years, Razorpay has evolved from a single-product company to a multi-product company, from an online payment gateway to India’s only full-stack financial solutions company, offering payments and banking solutions to businesses. Razorpay today is transforming age-old complexities and changing every known paradigm of money movement for disruptive businesses. Over the last couple of years, Razorpay’s growth has evolved to be an index of India’s digital economy. From a kirana shop in Kashmir collecting payments on our POS device to a textile exporter in Kanyakumari accepting dollars through our International Payments product, Razorpay has revolutionised how businesses have traditionally transacted and interacted with money. Razorpay became the first and only Indian fintech to build a full-stack international Payment Gateway ‘Curlec by Razorpay’ and evolved into a comprehensive provider of payment solutions, leveraging the synergy between cutting-edge technological capabilities and a profound understanding of the local payment ecosystem. The introduction of the new Curlec Payment Gateway aims to cater to a wide spectrum of businesses, expanding its reach to over 5,000 establishments. Be it for international expansion or solving for Indian businesses, for Razorpay, the customer has always been at the core of all disruption, from addressing evolving needs to delivering new solutions. This hyperfocus helped bring Razorpay’s several industry-first innovations into the market since 2014. Razorpay became the first to launch a completely digital on-boarding process for startups, first to launch support for UPI, first to launch support for Bharath QR, first to introduce recurring payments for businesses through Razorpay Route, automating payment receipts and later automate payouts and making the entire process seamless and optimized and many more were introduced aling the way. Other firsts include: - First to launch India’s Multi-Network Tokenisation solution, TokenHQ - Razorpay became India’s first payment gateway to support credit cards on UPI - Razorpay also became India’s largest omnichannel payment gateway for businesses post acquiring Ezetap which is India’s leading offline POS company that was founded with the aim to simplify the in-person offline payments experience. Over the years, Razorpay’s valuation has jumped from $1 billion to $7.5 billion and has added a host of marquee investors to its captable. Razorpay is also the second Indian company to be a part of Silicon Valley’s largest tech accelerator, Y Combinator. Marquee investors such as Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Sequoia Capital India, Ribbit Capital, Matrix Partners, Salesforce Ventures, Y Combinator, and MasterCard have invested a total of $741.5 Mn through Series A, B, C, D, E and F funding. The last financing round of Series F led the company’s valuation to $7.5 Billion signaling one of the fastest increases in valuation for an Indian Unicorn. Razorpay has also made acquisitions with like-minded companies over the last 9 years. In total, till date, Razorpay has made eight acquisitions, Billme in 2023 - A Digital invoice and customer Engagement, Ezetap in 2022 - India’s leading offline POS company, PoshVine in 2022 - India’s leading loyalty and reward management platform, IZealiant in 2022 - A mobile-first, API-enabled, and cloud-ready payment solution and made its first international foray in South-East Asia by announcing its acquisition of Curlec in 2022 - A recurring payments platform. TeraFin Labs in 2021 - the AI-based SaaS platform that facilitates digital financing solutions, Opfin (Now RazorpayX Payroll) in 2019 - The payroll management solution and Thirdwatch in 2019, the first acquisition - The AI-powered fraud detection platform. All these efforts are being done in collaboration with banks, regulators, and stakeholders so that India can build a better place for small and big businesses. Today, Razorpay powers online payments for 76 Of 100 startup unicorns and millions of businesses in India. The core premise of what Razorpay was founded in 2014 and what it is today hasn’t changed. It is to make money movement simpler and easier, whether it is for businesses to receive money, send money, or manage money.

Bolna handles the complexity of voice infra, so enterprises can automate calls faster, better, and cheaper, at scale Bolna is a Voice AI Orchestration platform purpose-built for Indian enterprises. Businesses in India run tens of thousands of calls every day - across sales, support, collections, recruitment, and more. Bolna gives them the power to build and deploy Voice AI Agents directly from their transcripts and FAQs, so they can start automating calls immediately. With Bolna, enterprises get: 1. Full control over agent intelligence, tone, and workflows 2. Cost efficiency at scale with smart routing across providers and price points 3. Enterprise-grade performance on latency, interruptions, multi-language, and multi-accent understanding

Paasa helps wealthy Indians invest in global equities - without middlemen, hidden fees, or paperwork. While high-net-worths in India often have international expenses from children's education to healthcare, most still save in INR, a currency that depreciates ~2–5% per year against the USD. Why? - Broken outward remittance process - Fear of making mistakes in tax or compliance - Paper-heavy onboarding processes of international brokers - Lack of trustworthy guidance Paasa offers a mobile app that enables Indians to trade worldwide, invest passively, and automate every cross-border tax filing.

Yenmo offers a better way to access cash for India’s 65 million investors who either resort to personal loans at over 18% interest or have to liquidate their investments when in need of money. With Yenmo, they can pledge their investments digitally and instantly get a loan at a fixed 10.5% interest rate. Our Insight - In India, over 30% of personal loan borrowers have active investments and are paying double the interest rate they qualify for with us.

Infinity is a banking and payments platform for cross-border businesses in India. We help our customers make cross-border payments that are 70% cheaper than traditional methods and earn income on idle cash by investing in government securities.

Cheq is a modern UPI payments app for NRIs and international citizens visiting India. Using Cheq, you can pay digitally at over 55mn+ merchants across India. We help tourists avoid ATMs and minimize their foreign exchange costs while in India.

Small shop owners earn daily unlike salaried people but when it comes to loan repayment both are asked to pay monthly. For these shop owners it is difficult to calculate how much to save daily so that they will have the required installment amount at the end of the month and also at the time of repayment they have a big hole in their working capital. Therefore, when you earn daily why not pay daily and get away from the stress of huge one-time installments. Every day a small amount of $X is deducted from your digital wallet which is on the auto-debit mandate and you don't need to worry about keeping your balance of $XXXX. You never default and also good credit scores are created.

SuperAPI is a programmable API gateway that makes all your fetch APIs cacheable, reducing the response time 10x. Our customers use SuperAPI to cache their critical APIs without spending 6-9 months rewriting their code.

Clueso is the fastest and easiest way for companies to generate high-quality instructional videos and documentation, ideal for customer education/onboarding and employee training. Our AI transforms simple screen-recordings into studio-quality videos and step-by-step documentation in minutes.

Every student deserve personal attention. With AI, we can infinitely scale personalised learning experience at scale to every student. That's what we are building at SuperKalam.

Mantys helps SaaS companies calculate and forecast their ARR accurately in real time without using multiple spreadsheets. For example, NextBillion uses Mantys to pull data from HubSpot and Chargebee and create real-time views of their Contracted ARR, Billed ARR, Churn, and forecasted ARR

DrDroid is building AI Agents for Platform & Infrastructure teams. We help engineering teams fix issues faster and reduce escalations during on-call—automating triage, debugging, and remediation. We’re also the team behind several open-source projects: 🔹 Playbooks – A runbook automation platform 🔹 Kenobi – An event analytics platform for debugging data pipelines Join us in redefining how teams run operations in the post-GPT world.

Gullak is a mobile app that automates savings & invests these in Gold. We launched in India 60 days ago and have grown from 0 to 40k transacting users and hit a monthly GTV of $280K already. We are growing 25% week on week. India is a nation of savers but the way the majority of India saves is non-smart & does not create wealth. There are 200 Mn Indians who save manually in bank deposits, the returns from these instruments do not even beat India's inflation. Gold is an instrument that India loves - 30Bn worth gold is purchased in India every year by middle income households. Gold has great cultural significance in India & there is high familiarity with the asset class. Despite gold being a familiar asset class & giving 5% higher returns than bank deposits, 200 Mn Indians still save manually in these non wealth creating bank deposits. This is largely because the ways to save in Gold required painful discrete activities such as manually accumulating money to buy gold, going to offline stores to buy this gold, incurring storage charges & more. The minimum ticket size for purchasing gold at these stores is $50 adding to more friction to saving in Gold. Using automated savings, Gullak now makes it extremely easy for users to save small amounts regularly($1/day) in digital Gold.This was not possible a year ago because the underlying infrastructure(UPI Autopay) was missing. With 50 Mn Indians saving $2/day & with gold backed lending, this is a $1.5Bn market opportunity. Gullak’s Founding team is the team which built BHIM UPI App(10Mn Downloads in 10 Days), this was launched by the PM of India. We built large scale payment systems for partners like GooglePay / Amazon, processing more than 30Mn payments/day. This is the same team that has built more than 40+ consumer brands & their initial growth strategy.

Coupl is India's first neobank for couples. We help couples easily manage their shared and household payments using our digital joint account. Over 20 million Indians marry each year, creating a $300 billion market opportunity in household expenses. Couples juggle multiple accounts, cards, and expense-tracking tools. Joint accounts involve lengthy paperwork, rejections, and minimum balance requirements, making them inconvenient for modern couples. Beyond married couples, this need extends to engaged partners, live-in couples, roommates, and families seeking simpler ways to manage shared expenses. Coupl offers a digital, zero-balance joint account with co-branded debit cards and in-app bill payments, set up in just 60 seconds. Couples can use the account for all shared expenses, with an analytics dashboard to help them stay on top of their finances. Coupl is powered by RuPay, NPCI and IDFC FIRST Bank.

Craze makes it simple for founders and growing teams in India to manage, run and automate all of payroll, HR and IT in one place. Our integrated system serves as the single source of truth for all of admin, from onboarding to offboarding and everything in between. With Craze, businesses in India: - Have a system of record for people, employee and entity data that automates onboarding and offboarding - Run payroll in one click - Ensure payroll compliance - Manage leaves, time and attendance seamlessly synced with payroll - Automate and manage expenses, devices, benefits and lots more Entrepreneurs start businesses to build something people want and change the world. Craze eliminates disjointed point solutions, multiple spreadsheets and coordination headaches and saves time, money and unnecessary stress so founders can focus on what matters most — growing their business.

AlgoTest is an algorithmic options trading platform for Indian retail traders. For the first time ever, day traders will be able to trade using the same technology as the top hedge funds and high-frequency trading firms of the world. The company is founded by Raghav Malik (Financial Engineering @ Columbia Univ), an HFT technologist and former options market-maker in the US; and Rajat Jaiswal (IIT Delhi CSE), who built their scalable algorithmic testing platform while still in college.

Shelf is the first Neobank in India focused on Young Professionals. It gives them easy banking & payment services and makes it effortless to pay bills together with friends.

At Raven, we are building AI assistants for manufacturing plants which can offer intelligent assistance for day-to-day operations like training, job planning, troubleshooting, reporting and also helps with real-time analytics — all while seamlessly integrating with your existing systems. We’re taking decades of manufacturing expertise and combining it with AI to solve real operational problems. We’re a small, focused team working to make industrial operations safer, smarter, and more efficient.

Applied research lab on a mission to build machines which can program themselves to do any task.

With over 500M white-collared job offers rolled out annually, companies find it very difficult to be certain about what to offer. Companies rely on old compensation survey data, which are updated only once every year. The salary expectations of candidates in the market change significantly on a quarterly basis (~7% statistically) in the startup ecosystem. This results in more than 50% of qualified/selected candidates not joining the company due to expectation mismatch. CompUp is an API-driven compensation benchmarking tool. We integrate with your existing HR/payroll systems, removing the need for manual data entry, and also getting updated in real-time. CompUp provides the most accurate real-time compensation benchmarking data which helps you make the right offer to the candidate. The platform allows you to make better compensation decisions such as annual increments, candidate offers using internal and external data. This has the following advantages : - All the process of compensation data submission is automatic and needs no manual intervention - Since the job market is dynamic in nature, the offers made on CompUp's real-time benchmarks would be the most efficient - The presentation of the offer to the candidate makes it look more appealing and explanatory to the candidate

Landeed is building India's (then for rest of the world) fastest and most comprehensive property title search engine. More than 84% of Indian household wealth is stored in real estate, property and land. However, with 2/3rds of all court cases in India dealing with land-related disputes, it is essential that people have accessible public records to both protect themselves against litigation and provide appropriate documentation for facilitating transactions.

Cone is an AI-powered work operating system that unifies accounting workflows — proposals, tasks, billing, payments, and client engagement into one platform

SigmaMind AI is a conversational AI platform to deploy voice, chat & email agents. Build with our no-code agent builder or plug into APIs. Prebuilt integrations + support for custom tools = fast, flexible deployment across industries.

India's leading digital health destination for Dermatology, Nutrition & Wellness. A multi-condition health platform providing Telehealth, AI-powered treatment plans, and Rx-grade products. Our virtual care is entirely science-based and personalized to each patient, based on prescription history, medical parameters, family history, lifestyle, surroundings and preexisting health issues.

Material Depot is reimagining home interiors for the next generation of Indian homeowners. We bring design-forward materials: tiles, laminates, wall panels & more - straight from manufacturers to customers, cutting out the old, broken supply chain. Our online engagement fuels real-time trend insights, enabling us to launch new designs faster, in smaller batches, and at unbeatable prices. The result: beautiful homes built smarter, quicker, and more affordably. With over 10,000 homes served and a rapidly growing digital-first ecosystem, Material Depot isn’t just selling materials—we’re building the future of how India designs and lives.

Sei is an AI platform for CX and Compliance teams. Simplify your customer support & collections workflows with a compliant AI

Harmoney is an agentic AI solution for fixed income research, portfolio optimization, and credit analysis for buy-side and wealth managers. We not only make financial analysis faster and cost-effective but also unlock things that could not be done manually before.

GoSats is a bitcoin rewards app. We help people accumulate free bitcoin as cashbacks and rewards every time they shop in India.

Salt is a neo banking solution stitched together to ease payments and documentation which comes with business banking by moving it to a digital-first and automated end to end platform.

Kaagaz is an 'Office' Suite for Mobile-first Businesses in India. With Kaagaz, these users can manage all the document requirements for their business using their smartphone itself, without needing a Desktop. We have an active user base of 3Mn+ users and paid users north of 60,000+ - growing every month. With over 200M such businesses in India, at $15/year subscription price, this a $3B opportunity in India & much larger globally. We are a team of 2nd time entrepreneurs having scaled the pervious startup to $1M in GMV. We are backed by YCombinator, Goodwater Capital, Pravega Venture, Better Capital & other investors including Alan Rutledge (TrendMD) and Farid Ahsan (Sharechat)

Fieldproxy is Retool for Field Teams. Our no-code SaaS application allows organizations to build internal mobile applications to manage field teams of any size. Fieldproxy's vision is to be the Operating System for Field teams.

India’s insurance market is filled with bygone products, which do not cater to 95% of the market's demand for specific products such as illness-specific insurance, primary care with insurance, and surgical insurance to name a few. We, at IMT, aim to target this white space by creating innovative products that fulfill this new demand by empowering the agents. Agents are the largest insurance distribution channel in India and cover 85% of the premium collection. Agents collect 20B premium every year. With a 5% take rate, it’s a 1B dollar market opportunity growing at 22% CAGR. Kunal has 15+ years of experience working with insurance companies and building agent networks, while he scaled his brokerage business to 3M dollars in revenue. Rachit has 12+ years of experience in building tech products, he was a founding engineer at Payu (stripe of India).

Mindbase is an AI cloning platform that empowers individuals, especially influencers, founders, and creators, to replicate their entire mind and create a digital twin. This isn't just a chatbot; it's a living, breathing digital version of yourself that can think, talk, and interact 24/7, complete with your actual voice, tone, and personality. What makes Mindbase truly powerful is its ability to ingest your entire body of work—from podcasts and YouTube videos to blogs and social media content—automatically updating and learning to capture your true style, phrasing, and depth. This digital clone can then be distributed everywhere you need to be, embeddable on your website, courses, SMS, WhatsApp, and even phone calls, ensuring your audience can connect with you anytime, anywhere. Each Mindbase clone comes equipped with its own email, phone number, and WhatsApp, marking a significant leap in how humans can communicate, scale their presence, and build a lasting legacy. Beyond just interaction, Mindbase provides a full analytics dashboard, offering deep insights into conversations, trends, FAQs, and user engagement, all while ensuring your data remains private and encrypted. It's a scalable, authentic digital extension of you, designed to grow with your audience and unlock limitless possibilities for engagement and impact.

Better Opinions is a prediction market of India which allows users to trade their opinion on everyday topics. For example, If you think India Covid cases will decrease by 10% this week, you can trade this insight and win money if correct. Our aim is to make the app inclusive for all. The stock market unfortunately can be very technical and opaque and therefore isn’t always accessible for all. However, when we start allowing trading in categories such as cricket, politics and entertainment, not only do we make trading more relatable, but we also help improve their financial literacy.

More than 150 million people in India are not able to access formal Credits in India either because of lack of financial data or low credit scores. We use Alternative Credit scoring models to provide a Pay Later option on UPI to a wider audience.

rehook.ai is an all-in-one promotion engine. A complete stack which lets you run referral, loyalty, rewards, discounts, coupons, leaderboards, streaks, tiers etc and is flexible, trackable, scalable and secure. With an intuitive rule engine, marketers can simply add/edit/change rules to generate coupons/rewards/cashbacks or any other incentives. rehook.ai lets you experiment and personalize campaigns around user segments, geographies, demographics, journeys and any other attribute- without ever going back to tech.

SaveIN connects people with quality healthcare practices near them and enables them to split their entire medical and wellness bills into monthly instalments. Over 80% of healthcare expense in India is borne out of pocket since less than 10% of Indians have private health insurance. On top of this medical inflation is 15% per annum, thereby making paying for private care expensive and frictional. 5000+ healthcare practices in India now use SaveIN to be discovered by millions of high intent customers near them and offer instant, monthly payment plans for all healthcare services, thereby making it a win-win proposition for all.

At Streak, we are building a new age personalized & gamified banking solution for teenagers. We are a fast-paced edu-fintech startup working towards redefining children and teenagers' relationship with money.

RDash is a new age construction management platform for Developers, contractors and design studios. It enables complete workflow automation for design, projects, procurement, and finance professionals involved in construction and interior projects management.

MySivi is an AI-powered English learning app. Learn English Speaking The Fastest Way (AI + Human) 😀 Practicing with AI English Tutor and Human is the fastest way to learn to speak. Try now to feel the change within a week.

Our SaaS product solves the different problems that job seekers face in the process of finding a new job - creating an efficient resume, writing a cover letter/email, updating their LinkedIn profile, applying to suitable jobs, interview preparation... It's the 1st time in history that we've been able to create resumes using technology that surpass human made resumes. This is a novel way to add active job seekers to our database of resumes as none of the incumbents are focussing on candidates' problems. 100k+ new active job seekers are added to our database every month, growing rapidly. As the next step, we are launching a recruitment marketplace to close the loop.

SalaryBook is an payroll, employee attendance and Expense management app for 60 million Indian SMEs. SMBs see in our app a one stop solution for running their business. Starting from seamless on-boarding of employees to managing their payroll and attendance. Our app includes some cool features like selfie & location based attendance marking. Say goodbye to the traditional punch in attendance systems & replace it with a click of a button on SalaryBook mobile app. SalaryBook also helps 400M Indian blue-collar employees to create their first ever credit & skills profile online.

ODWEN enables India’s 60m SME's to find curated warehouses in minutes at prices 20% below current market and transport their inventory in and out with just a few clicks. With 2000+ warehouses across 180 locations, we are the largest integrated 3PL/ warehouse network in India.

We make it easy for anyone in India to access healthcare over Zoom, Meet, or WhatsApp. We provide care in 11 local languages. For every appointment, we provide a concierge who manages all logistics for the patient & handles the back-office work for doctors. With this, we have cracked the code to make telehealth work in India.

Swipe is a simple billing and payments app for small businesses in India. We make it easy for local businesses to invoice their customers over WhatsApp. With Swipe, businesses can send a WhatsApp message with a link that allows their customers to pay instantly with a variety of payment methods.